A company will strive to minimize
A)transaction costs.
B)costs of internal operations.
C)total costs of transactions and internal operations combined.
D)variable costs.

Question

Quizplus · Accepted Answer

A company aims to minimize not only the costs of internal operations but also the total costs of transactions and internal operations combined to achieve maximum efficiency and profitability. Minimizing transaction costs alone or variable costs alone may not necessarily optimize the overall cost structure of the company.

A Company Will Strive to Minimize